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Laineltd Limited

13087497

active
Private Limited Company
england wales
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

95A VILLA ROAD, BIRMINGHAM, B19 1NH
Incorporated 17/12/2020

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 16/12/2025

Due 30/12/2026

On track

Industry

29100
Manufacture of motor vehicles

Officers

Mr Laine Dagnew Mengesha

director · Since 17/12/2020

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 52

Persons with Significant Control

Mr Laine Dagnew Mengesha

75–100% shares

British · England · Age 52

8, Woodsome Grove, Birmingham, B23 5JB

Notified 17/12/2020

CompanyRankvs 463+ SIC 29100 peers
45

Financial strength42th percentile among SIC peers · 11/25
Employees48th percentile among SIC peers · 7/15
LiquidityCurrent ratio 0.97× · 6/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength11/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees7/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity6/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

£30

Balance sheet strength

Cash

£26k

Cash in the bank

Net Current Assets

-£806

Working capital

Current Assets

£26k

Current Liabilities

£26k

Fixed Assets

£836

1avg. employees

Tax at Year End

Corp tax£4k

Director Loans

Company owes directors£22k

Balance Sheet

Assets less current liabilities£30
Signed by Mr Laine Mengesha 25th September 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.97
20230.94

Derived from filed accounts. Not audited figures.